Sanlam to buy Alexander Forbes unit for R100m

Sanlam to buy Alexander Forbes unit for R100m

2021-06-14 08:37:00 PM

Sanlam to buy Alexander Forbes unit for R100m

Retirement fund administrator agrees to offload its group risk and retail life unit as it completes its exit from the insurance industry

14 June 2021 - 13:09Garth TheunissenSanlam, Africa’s biggest nonbanking financial services group, said on Monday it had reached an agreement to buy Alexander Forbes’s group risk and retail life business for R100m, though that amount could be subject to adjustment.

ANC joins calls for election postponement Deadly result as state forces seize ‘loot’ in Durban - The Mail & Guardian Truck drivers under siege in Eastern Cape

The proposed transaction, which still requires regulatory approval and certain conditions to be met, will be funded from Sanlam’s cash resources and will be paid in instalments. Half the value of the sale will be deferred in two equal payments, 12 and 24 months from the effective date of sale, which is subject to both transacting parties fulfilling certain conditions as well as receiving the go-ahead from competition authorities. ..

BPremiumThis article is reserved for our subscribers.A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily. headtopics.com

Read more: Business Day »

Taxi violence: Golden Arrow bus driver struck by stray bullet in his ankle

A Golden Arrow bus driver was hit in the ankle by one of the bullets fired at a minibus taxi at the Borcherds Quarry drive this morning.

sifisovic Only now? 😂 Unathi_Kwaza If I enjoy this privilege all alone, it shows how ungrateful I am because I got my breakthrough from a post been posted online on how Bitcoin Trading works so I got involved and my story changed and I also want to recommend everyone too. All thanks to kimberlyalr88

Alexander Forbes is an empty shell Words alone won’t express how thankful I’m recommending you all to you LouiseConway86 .....,investing with you has been a good opportunity for me and my family I just received my profit of R95,500 within five days of investment LouiseConway86 R100m is the new “in thing” ne

casspernyovest must just buy it first with the money from Drip...then boom 💥💥we in the financial sector.

Sanlam to buy Alexander Forbes unit for R100mAlexander Forbes has offloaded its life unit to Sanlam as it completes its exits the insurance industry Alexander Forbes is only worth R100m? The best choice I've made this year was investing in cryptocurrency and forex trading and earning from home. With the help of KevinKatch2 I've been earning ZAR60,353.00k weekly I've never regretted this decision fellow RSA, 🙏🏻

Sanlam to buy Alexander Forbes unit for R100mAlexander Forbes has offloaded its life unit to Sanlam as it completes its exits the insurance industry Alexander Forbes is only worth R100m? The best choice I've made this year was investing in cryptocurrency and forex trading and earning from home. With the help of KevinKatch2 I've been earning ZAR60,353.00k weekly I've never regretted this decision fellow RSA, 🙏🏻

Alexander Forbes the latest to embrace ESGThe pension fund administrator says it will increasingly select asset managers based on their environmental, social and governance commitment

WATCH LIVE | Identifying sustainable investment opportunities in SA and AfricaSPONSORED | sanlaminvest Watch the free webinar on June 14 at 10am on identifying sustainable investment opportunities in SA and Africa. SanlamInvest So many bitcon traders on Twitter are trickster AmeliaMaveric thank you for opening my eyes to their ways now I’m pretty sure I’ll be able to help others

The 10 most expensive romantic comedies | ChannelMoney can't buy love, but these romantic comedies were still expensive.

PIETER HUGO: Moving unit trust funds out of SA assets after crash was ill-consideredThe extra diversification investors have gained after the coronavirus-induced market crash has come at a great cost I noticed a crowd of people giving testimony about Miss LouiseConway86 For helping them earn a huge amount of money from trading. So I decided to give it a try and to my surprise my first investment was just $300 and I received a profit of $3,950 A very reasonable amount